Study On Management Of Non-recurrent Profit And Loss Earnings Of Listed Companies In Shanghai

In 1999,China's Securities Regulatory Commission put forward the concept of non-recurring profit and loss for the first time,its disclosure system is constantly improving,so far has experienced five revisions,but it has the characteristics of occasional,one-time,and so on.As a result,the company's relevant financial information can not be objectively and truly reflected.Under this condition,the index that can truly reflect the company's going concern ability and profitability should eliminate the influence of non-normal profit and loss.Because of the continuous improvement of regulatory policy,the strengthening of supervision and management,the requirements of non-recurrent profit and loss information disclosure are more stringent,and the situation of listed companies using non-recurrent profit and loss to adjust profits and manipulate surplus has not changed much,but the means of earnings management are more cautious and hidden.Therefore,in order to more truly reflect the earnings performance of the company,it is very important to study the significance of earnings management based on non-recurrent gains and losses of listed companiesIn order to avoid the different influence factors of different markets,this paper only studies the annual report data of Shanghai listed companies.Firstly,this paper introduces the concept of non-recurrent profit and loss,the definition of non-recurrent profit and loss at home and abroad,as well as the concept of earnings management,the definition of earnings management content,and combs the motivation and theoretical basis of earnings management.Secondly,the financial data in the annual report of listed companies in Shanghai stock market from 2016 to 2018 are classified,and the descriptive statistical analysis of non-recurrent profit and loss is carried out.Based on the sample data of the absolute value of non-recurrent profit and loss rate is more than 50%,the proportion of non-recurrent profit and loss items in net profit and the five items with the most frequency of occurrence are counted,and the way of manipulating surplus is combined with case analysis.At the same time,it also analyzes the utilization of non-recurrent profit and loss by T and micro-profit companies and the effect of non-recurrent profit and loss on earnings quality.Finally,Lifan shares as a case,Lifan shares in the past three years through non-recurrent profit and loss earnings management,this paper will make a thorough study of Lifan shares earnings management motivation,means,earnings management results and so on.Based on the analysis of this paper,it is concluded that the performance quality of Shanghai listed companies has not decreased in the last three years due to the existence of non-recurring gains and losses,but the phenomenon of earnings management using non-recurring gains and losses still exists,especially T and micro-profit companies have a strong turnaround machine.Through the analysis of Lifan shares,this paper finds that the company's use of non-recurrent profit and loss earnings management behavior,in a short period of time will bring benefits to the company,ease the dilemma.In the long run,the company's excessive use of non-recurrent profit and loss to manipulate the surplus will not improve the company's operating conditions,while the company's profitability,development capacity will also decline.Through the research,it is expected that investors should be reminded to rationally analyze the operating performance and financial quality of listed companies when making investment decisions.